My Journey to Financial Freedom and Success In Life

As promised, I am updating my progress again. 2 weeks flew past just like that. I cannot find an appropriate word to describe my last 2 weeks.


Anyway, happy labour day to all in Singapore. I know we are going thru some difficult time but we need to be optimistic. We can pull thru this just like in any previous situations. Come on, isn't this what we Singaporeans are good in?


Latest update:





ANALYSIS

Goal #1:
Give me time, I am getting a hang of blogging. I will try to update it more regularly. Hope to include some other topics too eg. outings, encounters etc. Want to make it more interesting. Anyone can suggest any topics/issues to include in my blog, appreciate your contributions.


Goal #2:
The Federal Open Market Committee decided today (30 Apr 08) to lower its target for the federal funds rate 25 basis points to 2 percent, its lowest level since late 2004.

8 out of 10 Americans interviewed said that US is already into some sort of recession.

Crude oil prices have doubled over the past year to nearly $120 a barrel, while average retail gasoline prices in US hit an all-time high of $3.60 per gallon this week. Average retail gasoline prices in Singapore hit an all-time high of about S$2.00 per litre a few days ago.

The prices of basic food items globally are also soaring: Figures from the Department of Agriculture show that the monthly grocery bill for the average American family is $70 higher today than one year ago.

What does all these mean? You make your own conclusion.

For me. I am abit cautious when trading in the US Equity market. I am expecting the unexpected. So you can guess I am trading cautiously and enter with minimum risk. This is taking alot of my time. I keep reviewing the news, trends, fundamental and technical anaylsis just in case.


Goal #3:
I have not progress much in this area. Will catch up these 2 weeks.


Have you been motivated so far to use your money to make money for you? What are you waiting for? Remember, my belief ie "only you can help yourself".

Meanwhile, for those trading in the stock market (I know I have many friends who are doing so and are reading my blog), please trade WISELY and CONFIDENTLY. Don't forget to do your homework first.

Adios for now.